Dr. Jane is a surgeon employed by a large hospital in a major city. Her work keeps her very busy and she has only one day off a week. All her income is on a W-2. She was upset by the fact that a major chunk of her paycheck goes to “Uncle Sam”. Although she’s very knowledgeable about taxes and finances, she was convinced there was very little she could do to lower her tax liability.
Following an initial interview and a review of her previous years’ tax returns, we were able to suggest a variety of strategies that resulted in net tax savings of $31,600 annually.